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Stock Market & Financial Investment News

News Breaks
November 29, 2012
17:07 EDTDUKDuke Energy reaches settlement agreement with NCUC, NC Public Staff
Duke Energy announced that it has filed a settlement agreement with the North Carolina Utilities Commission, or NCUC. This agreement was reached between Duke Energy, the staff of the NCUC and the North Carolina Public Staff. Following approval, the agreement would resolve all issues related to the matters under review by the NCUC regarding Duke Energy's change in president and CEO following the close of the merger between Duke Energy and Progress Energy on July 2. The parties agreed that the settlement agreement does not constitute and should not be construed as an admission or acknowledgement of any illegal or improper acts by Duke Energy. The current general counsel as well as the company's executive vice president, regulated utilities, will assume new leadership roles to be announced following the NCUC's approval of the settlement agreement. Duke Energy will provide proportional fuel, fuel-related, workforce and low-income assistance financial benefits to its South Carolina customers. These are in addition to and consistent with recent merger-related commitments to customers in the state and are expected to total between $8M and $9M.
News For DUK From The Last 14 Days
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November 13, 2014
09:02 EDTDUKDuke Energy to begin removing coal ash from four North Carolina sites
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